in News Departments > New & Noteworthy
print the content item

NaiKun Wind Energy Group says it received a much-needed financial boost from Joseph Houssian, a director at the company.

According to NaiKun, the C$700,000 capital infusion will be used for "general corporate purposes and working capital" for the further development of the 396 MW Haida Energy Field Project, an offshore wind farm located in Hecate Strait, between Haida Gwaii and Prince Rupert.

The transaction is subject to shareholder approval and compliance with all applicable regulatory requirements. NaiKun intends to close the offering by June 28.

NaiKun notes that Houssian, an experienced project manager and developer, is providing his services at no cost to the company. Houssian will work with NaiKun’s board of directors and officers and Siemens, which is supplying up to 110 wind turbines.

Upon closing, Houssian will own or control approximately 19.4% of the shares on a non-diluted basis, NaiKun notes.


Trachte Inc._id1770
Latest Top Stories

Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.

Navigant_id1983
Canwea_id1984
Renewable NRG_id1934